Knights of Columbus Asset Advisors LLC Acquires 158,300 Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC)

Knights of Columbus Asset Advisors LLC increased its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 94.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 325,719 shares of the financial services provider’s stock after acquiring an additional 158,300 shares during the quarter. Knights of Columbus Asset Advisors LLC owned about 0.73% of Old Second Bancorp worth $5,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of OSBC. Quantbot Technologies LP bought a new position in shares of Old Second Bancorp during the third quarter valued at approximately $34,000. Allspring Global Investments Holdings LLC increased its position in Old Second Bancorp by 86.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,152 shares of the financial services provider’s stock valued at $43,000 after buying an additional 1,464 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Old Second Bancorp during the second quarter valued at $48,000. Tower Research Capital LLC TRC boosted its holdings in Old Second Bancorp by 281.1% in the third quarter. Tower Research Capital LLC TRC now owns 8,033 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 5,925 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Old Second Bancorp in the fourth quarter worth $149,000. 67.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on OSBC. Stephens reaffirmed an “overweight” rating and issued a $17.00 price target on shares of Old Second Bancorp in a research report on Friday. Raymond James raised shares of Old Second Bancorp from an “outperform” rating to a “strong-buy” rating and set a $17.00 target price for the company in a report on Thursday, April 4th.

Old Second Bancorp Stock Up 5.0 %

OSBC stock opened at $14.43 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. Old Second Bancorp, Inc. has a 1-year low of $10.79 and a 1-year high of $16.76. The stock has a market capitalization of $646.46 million, a P/E ratio of 7.32 and a beta of 1.10. The business has a fifty day moving average price of $13.51 and a 200-day moving average price of $14.17.

Old Second Bancorp (NASDAQ:OSBC) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $83.83 million for the quarter, compared to the consensus estimate of $69.50 million. Old Second Bancorp had a net margin of 26.90% and a return on equity of 16.78%. Equities analysts forecast that Old Second Bancorp, Inc. will post 1.89 earnings per share for the current fiscal year.

Old Second Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Friday, April 26th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, April 25th. Old Second Bancorp’s dividend payout ratio is currently 10.15%.

Old Second Bancorp Company Profile

Old Second Bancorp, Inc operates as the bank holding company for Old Second National Bank that provides community banking services. It offers demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificates of deposit accounts. The company also provides commercial loans; lease financing receivables; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage and second mortgage loans; home equity line of credit; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans; residential mortgages; and overdraft checking.